The process to modernise Semi-Conductor Laboratory (SCL), country’s first chip fabrication unit, has finally started. The company has invited bids to improve the existing 180 nanometre (nm) fabrication line at an estimated cost of around Rs 2,000 crore, officials said.The augmentation and enhancement of the existing 8 inch fab, which uses 180 nm technology node
Srinandan Sundaram, executive director, home care at Hindustan Unilever’s (HUL’s) largest division, which contributes 37% to its overall revenue, talks about premiumisation, inflation concerns, local competition and retail innovations in an interview with Viveat Susan Pinto. Excerpts: Premiumisation has helped HUL’s home care division to tide over the urban slowdown in recent quarters. What are
Rebel Foods, the operator behind brands like Faasos, Oven Story, Behrouz Biryani, Wendy’s, and Smoor, has leveraged its cloud kitchen network to enter the quick commerce space in Mumbai—at a fraction of the cost compared to aggregator-led setups.“If I had to build this from scratch and cover Mumbai entirely, it would have taken at least
The government has identified five state-owned power generation and transmission companies for listing on the stock exchanges to enable them to meet the investment requirements for augmenting capacity. Andhra Pradesh Power Generation Corporation and Gujarat Energy Transmission Corporation are among the five companies that are in the process of appointing merchant bankers, power secretary Pankaj
India’s private sector output increased at the fastest pace in six months in February, fuelled by a quicker expansion in the services activity and a record job creation, according to a survey. At 60.6 in February, HSBC’s flash India Composite Purchasing Managers’ Index (PMI) – a seasonally-adjusted index that measures the month-on-month change in the
Telecom major Bharti Airtel on Friday announced it will increase its shareholding in Airtel Africa plc, a subsidiary company listed in UK, by acquisition of upto 5 per cent stake in one or more tranches during FY 2024-25. The acquisition, it added, will be done through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary of
Bajaj Auto on Friday announced that its board of directors have approved to invest funds up to Euro 150 million (equivalent to Rs 1,364 crore) in Bajaj Auto International Holdings BV, Netherlands, a wholly owned subsidiary of the company. In a regulatory filing, the company said, “We hereby inform that the Board of Directors at
The industry is waiting for an action from the government to check steel imports, which are affecting the domestic players, Tata Steel CEO T V Narendran said on Friday. He also warned future investments in the steel sector getting impacted due to present situation of surging imports. The steel industry has been one of the
The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last
In the career of a professional, there inevitably comes a time when they must step away from their workplace responsibilities. Approximately twenty-five years ago, as individuals approached retirement, many contemplated the prospect of securing their own residence. However, the landscape shifted at the dawn of the 21st century. The introduction of affordable home loan options
Building a successful portfolio can be challenging. However, there is no better time to create one than during a market carnage, when stocks are cheap. However, again, knowing what to buy is tough. So, we have done the work for you and are sharing two stocks worth watching in this market. Mayuresh Joshi of William
Do you think that the biggest income of the government comes from corporate tax? If yes, then these figures may surprise you. A large part of the government’s direct tax collection comes from personal income tax, while the growth of corporate tax has lagged in gaining momentum. How much is the government earning from personal
IRCON International’s share price jumped 9% to an intra-day high of Rs 150.40 on the National Stock Exchange. The surge in the stock price came after the company received a contract almost worth Rs 1,100 crore from the Government of Meghalaya. The contract needs to be completed within 36 months. “It is to inform that
